No idea about the pseudo coin, but Bitstamp is not located in the US nor is its bank.

I agree! I don't understand the querulous people. Bitcoin still suitable for micro transactions. But 54 uBTC is 0.000054 which is 0.006728 USD in the current exchange rate.

Micro transaction is 0.99 USD or 0.50 USD or 0.25 USD. Maybe 0.01-0.10 USD. But less than 0.01 USD is not micro. It is dust. Fragments.

By the way, the banks steal the cent fragments. The client only blocks them until their value increases enough.

Exactly! Can anyone detail any previous fiat transaction they had for an amount < 1 cent?

It is inexcusable to create an incentive to pay with a credit card at a bitcoin conference.  They could easily have changed the rate to 2.9 or 2.8 bitcoins depending on the current exchange rate.

I thought it was absolutely ridiculous that it was cheaper to buy admission with a credit card at the door.  I'm sure the organizers of the NY and Vienna bitcoin conferences will not have such a retarded system in place.

Bitcoin price:  3btc
Credit Card price:  $350

Peter Vessenes is clearly incompetent.  Mtgox gets booted out of the conference because of his stupid lawsuit, and then it's more expensive to pay admission with bitcoin.  How is this acceptable?  What has coinlab done for bitcoin anyway?

Now wait a minute. What about that, then, is inclusive of the previous blocks?

Yeah... no. 

I see what you're saying, I'm never sure whether he's talking about kBTC or BTC half the time.  He also tends to write 1000mBTC instead of 1BTC.  As you say, who knows what he means anyway?  Still, nobody should even be having a single satoshi stolen and at least from my perspective if not his a hundred grand in euros is still a lot to have pinched.

Update on the walls:

Not a darn movement. 

The problem is that the default 'quality' factor of newly created trust lines by the client is a bad value. It should be zero (meaning "don't ripple through me") instead of one (meaning "exchange these IOUs for any other IOU I trust of the same currency at 1:1).

I've opened a GitHub issue on it.

Does the person who gave you this info own a crystal ball? If not, then please discard info. Nobody can see into the future without using a crystal ball, anything else would just be a guess.

It can go down, just doesn't happen too often. Not sure what is causing this drop, but im not complaining 

of course he isn't. he pays them out as dividends.

You're assuming those 3600 coins are being sold not kept.

They do extreme caching, don't they? I recall a few years ago when they were real laggy / slow and had plenty of "you broke reddit"!

Totally on the side: ripple web interface is rubbish. I played with ripple for the first time yesterday, and the interface is totally unreliable. You create a trade order, two seconds later see a confirmation that it has been created and even see it in the order book. You cancel the order to create a different one. You see all confirmations, you see order book showing your orders as you'd expect. You do that creating/canceling couple of times. Then you close the client and open it again and you see that your client was totally out of sync with what really happens on the backend. There were some orders that you cancelled and saw cancelled which actually are still open. There were some orders that you created and saw in the order book which actually aren't there (and weren't executed). I've been using a semi-reliable cellular connection yesterday so maybe it doesn't affect most users in their everyday usage, but the fact that it happens on unreliable connections shows that the software is very broken and if it's rubbish in the web client, you should expect it to be rubbish elsewhere as well.

Current Bitcoin can't be sustainably much over $400.

Justification: the 1MB block size limit and the fact that the price has pretty much grown hand in hand with the number of transactions per block (in the long time trend). We have free transactions now (for old enough coins). Eventually a minimum transaction fee for ANY transaction will be several dollars, when the block space scarcity really starts to constrict usage. If BTC adoption grows at the current rate, in a couple of years this scenario is going to be real. This will mean, by the way, that the block subsidy will be insignificant far sooner than most people think. At 20,000 tx/block and $1 fee per tx, assuming $400/BTC and current reward level, fees will be two thirds of total miner revenue.

I do not expect doing away with the block size limit until we've seen its economic consequences. Many influential people have gotten stuck in early 2011 and the "everyone must be able to run a full node in their cell phone" mindset.

Done, cleaning up now.

Seizure of property